Another Record Day For Wall Street

Written By Timmy Adami

September 19, 2024

MRKT Matrix - Thursday, September 19th

  • Dow jumps 500 points, S&P 500 closes above 5,700 for the first time a day after Fed slashes rates (CNBC)

  • There’s a new biggest bull on Wall Street as BMO raises year-end S&P 500 target to 6,100 (CNBC)

  • Market bull Tom Lee hesitant to jump into this post-Fed rally (CNBC)

  • Wells Fargo says don’t buy this rally, fundamentals don’t support it (CNBC)

  • Wall Street’s $5.1 Trillion Triple-Witching Is Next Market Test (Bloomberg)

  • Big Banks Are Split on How Fast the Fed Will Cut Interest Rates (Bloomberg)

  • T-Mobile CEO says his company is selling the iPhone 16 ‘at a greater rate’ than last year’s model (CNBC)

  • AI Tools Are Displacing Web Searches for The Information Readers (The Information)

Timmy Adami
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